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Lagare, 51 Surrey Row, London, SE1

London

£900,000
Listed on 06/02/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
1784 sqft

Description

This property presents a unique opportunity for renovation and investment, featuring two interconnected units currently serving as office spaces. Spanning across three levels—including a basement—these units boast substantial internal floor areas of approximately 1,793 sq ft and 1,552 sq ft. The layout allows for the possibility of transforming them into bespoke, warehouse-style homes, either individually or combined into a larger single residence, contingent upon obtaining the necessary planning approvals. With a long leasehold of around 972 years remaining and a recent Commercial EPC rating of C, this site is perfectly positioned for those looking to undertake a creative conversion project in a thriving London location. It's an ideal prospect for developers and investors keen on maximizing the potential of urban real estate.

Investment Analysis

(SE1 area)

Below Market Value

This property is priced -44.3% below area average per sq ft

-44.3%
Potential saving
This Property
£504/sq ft
Area Average
£906/sq ft
Avg Rent (weekly)
£624
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £150,000
Target Value
£1,778,131
10% above area average per sq ft
Potential ROI
+69.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
47
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (SE1)

Area prices are falling by -2.1% over the last 12 months
3 year growth: -10.1%
5 year growth: -28.3%
Investment Disclaimer: Analysis based on SE1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Lagare, 51 Surrey Row, London, SE1
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£3,246
Based on a loan of £675,000 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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